National

Karnataka Government Greenlights 62 Industrial Investments Worth Rs 3,607.19 Crore

The proposals were cleared by the State Level Single Window Clearance Committee, headed by Large and Medium Industries and Infrastructure Development Minister M B Patil at a meeting here on Tuesday.

Karnataka CM Siddaramaiah
info_icon

The Karnataka government has approved 62 industrial investment proposals worth Rs 3,607.19 crore with an employment generation potential of 10,755 within the state.

The proposals were cleared by the State Level Single Window Clearance Committee, headed by Large and Medium Industries and Infrastructure Development Minister M B Patil at a meeting here on Tuesday.

Eight of them envisaged more than Rs 50 crore investment, totaling Rs 2,088.44 crore. These hold the potential to create 6,360 jobs, the minister's office said in a statement on Wednesday.

Some of the top investors include Texcon Steels, Hundri Sugars and Ethanol Private Ltd, Bren Life Sciences, Alpine Ethanol, Virupaksha Laboratories and Qualcomm India.

Of the total 62 proposals, 51 investment projects are between Rs 15 crore and Rs 50 crore, totaling Rs 941.40 crore, promising employment generation potential of 4,395 within Karnataka, the statement said.

Three projects with an additional investment of Rs 577.35 crore were also approved by the committee.

Important: We are happy to announce that we have successfully completed the migration of our site @outlookindia.com to enhance your experience as valuable user. But due to the scale of operations some data discrepancies may arise. We apologize for any inconvenience and thank you for your patience and understanding during this period.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement